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TaXavvy Issue 03/2021
In this issue:
Perlindungan Ekonomi & Rakyat Malaysia assistance package (PERMAI)
The PERMAI assistance package has been announced by the Prime Minister this afternoon. Valued at RM15 billion, its objectives are to:
- Combat the COVID-19 pandemic
- Safeguard the welfare of the people
- Support the business community
The following measures were announced this afternoon by the Prime Minister:
Special deduction for rental discount given to SME tenants
- Personal tax relief for private COVID-19 screening
- Extension of special personal income tax relief on the purchase of personal computer, smartphone or tablet
- Extension of sales tax exemption on passenger motor vehicles
- Shorter ownership period to qualify for excise duty and sales tax exemption for taxi owners
- Wage Subsidy Programme 3.0
- Human Resources Development Fund (HRDF) levy exemption
TaXavvy is a newsletter issued by PricewaterhouseCoopers Taxation Services Sdn Bhd. While every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PricewaterhouseCoopers Taxation Services Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.
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